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Abcourt Mines Inc V.ABI

Alternate Symbol(s):  ABMBF

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant Property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.


TSXV:ABI - Post by User

Comment by awacs1on Jan 19, 2021 12:54pm
194 Views
Post# 32327136

RE:RE:RE:RE:Another Option For Management

RE:RE:RE:RE:Another Option For ManagementThe input from Java and Peter is appreciated and appears credible. The future they outline will weigh heavily on the SP even if the price of gold goes up. No or limited production for the next 90 days will not make good press. The scenario Peter provides seems to favor a mechanical break whereas the NR indicated it was an electrical issue. Electrical issues can be tricky but often the fix is faster that a mechanical fabrication. I do not see much upside for the next 90 days unless they clarify the problem at Elder and resolve it in the near term.
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